The United States has already slipped into such a deep recession that it could be the most serious since World War II, said Martin Feldstein, President of the Cambridge group, who is considered the official word on economic cycles.
If we continue with current trends what can we expect? Possibly gasoline at $5.00/gallon throughout the nation in 2008, major stock market losses, market volatility, credit crunch, home foreclosures nationwide in record numbers, large layoffs and bankruptcies at top U.S. Companies.
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